Hey everyone, it’s been a challenging few days with a few of our favorite currency pairs in a variety of ranges. This in mind I have defined a few important support and resistance areas for Cable, Aussie Yen, Pound Yen and Aussie USD. Until we resolve these ranges I’m remaining very conservative. Good luck and I hope you enjoy the video. David Pegler

Todays video is an update of the trades plans from yesterday which are still very much in progress. Rob Helean

Lower than normal volatility was the norm during today’s New York session for currencies and U.S. equity indexes alike. However, there were still opportunities to realize profit in the foreign exchange market. For example, a long trade setup on the EUR/USD currency pair produced between 15 to 45 pips [depending on entry and exit strategy].

Curt Wehrley
FX Bootcamp’s Quantitative Analyst

Hi All. Todays video is an update on where we stand with the Pound, EUR/JPY and a headsup for those who like to trade the Euro.

Hey everyone, for this video I take a longer term look at Aussie USD, Aussie Yen and Pound Yen. The Yen crosses in general look very interesting, they are extremely congested and I don’t expect that to continue very much longer. The Pound Yen especially is in a very clear apex of a daily trap. I hope you enjoy the video I also touch on my outlook for the equity markets. Good Luck!! David Pegler

Hi everyone! The Asian preview for Monday is an update on the pound (may as well while it is producing for us) and a new look at the EUR/JPY and the possibility of some downside action following a break of a 4 hour trap.

Weekly Pivot Points*
November 16 - 20, 2009

* - Based on a trading week starting on Sunday at 21:00 GMT and ending on Friday at 21:00 GMT, using price data from GFT’s DealBook 360 platform. To convert GMT to your local time, go here.

Weekly Pivot Points spreadsheet - This spreadsheet contains the weekly pivot points displayed above. The data can be downloaded in any one of several file formats by clicking the Export option on the spreadsheet’s menu bar.

Printable version - This is a printable version of the weekly pivot point tables displayed above.

Average Daily Ranges*
for use during the trading week of
November 16 - 20, 2009

* - Based on GFT DealBook 360 price data from October 19 to November 13, 2009. “Upper BB” predicts the maximum daily range for 95 of every 100 trading days, and is calculated by adding 2 standard deviations [of the ranges over the October 19 to November 13 period] to the average daily range.

Please CLICK HERE for more details.

Yesterday saw extremes for the year matched on multiple fronts; to wit, the USD/CHF currency pair tapped its 2009 low just north of parity, the EUR/USD and S&P 500 formed double top patterns with last month’s highs, respectively, and the U.S. dollar index matched its 15-month low. Today, the dollar found new vigor. During the New York session, a 65-pip short trade on the euro started at overlapping sources of resistance lines, and ended at a confluence of support lines.

Curt Wehrley
FX Bootcamp’s Quantitative Analyst